National News

Blomsterberg, Rife, and Winrod of Marcus & Millichap close Reno, Nevada multifamily portfolio sale for $302 million

Renov, NV Marcus & Millichap brokered the sale of The ERGS Portfolio, a eight-property multifamily portfolio spanning a total of 1,077 units across eight assets. The portfolio traded for $302.5 million, or $280,872 per unit.

Webb of Commercial America Properties sells 120 room Days Inn Clermont

Groveland, FL Commercial America Properties sold the Days Inn Clermont. The 120 room full service hotel features restaurant, lounge, meeting/catering space and swimming pool. Situated at the confluence of U.S. Highway 27, Highway 19, and the Ronald Reagan Florida Tpke.,

DPS Group opens office in Kansas City and names Potts senior vice president of operations

Overland Park, KS  DPS Group has opened a new project office in Kansas City and the addition of Mark Potts as a senior vice president of project operations for the office.

Kennedy Funding opens new U.S. headquarters in Englewood, N.J.

Englewood, NJ Kennedy Funding, one of the largest direct private lenders in the United States is entering a new stage of growth. The firm has relocated to its own freestanding headquarters at 267 S. Dean St. in the city.